Roadzen Announces Successful Closing of Its Acquisition of U.S. Commercial Auto Managing General Underwriter EliteCover
Roadzen, Inc. - Ordinary Shares (RDZN)
Company Research
Source: GlobeNewswire
NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) today announced the successful closing of its previously announced acquisition of majority control of EliteCover Insurance Solutions, Inc. (“EliteCover”), a licensed commercial auto insurance broker and managing general underwriter (MGU) operating across multiple U.S. states. First announced October 29, 2025, the acquisition strengthens Roadzen’s position in the $80 billion in annual Gross Written Premiums (GWP) U.S. commercial auto insurance market by combining EliteCover’s underwriting authority, regulatory licenses, and distribution footprint with Roadzen’s AI, telematics, and automated claims capabilities. The transaction is non-dilutive and is expected to contribute over $8 million in annual revenues in the next twelve months, with 25%+ Adjusted EBITDA margins. EliteCover is licensed in California, Texas, Illinois, and New Jersey, Lloyd’s of London Coverholder authority, and serves intermodal, freight, lo
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- Roadzen Reports $13.7 Million Second Quarter Revenue, a 15.2% Improvement Over Prior Year Quarter, and Fifth Consecutive Quarter of Adjusted EBITDA ImprovementGlobeNewswire
RDZN
Sec Filings
- 12/5/25 - Form 4
- 11/28/25 - Form S-8
- 11/28/25 - Form S-3
- RDZN's page on the SEC website